Check out other loans that are currently fundraising!
Silvana
28-year-old Silvana is single and has a four-year-old daughter. Every day she makes income from her recycling business which she set up in 2011. As an industrial engineer, she used to work for a recycling company but she became sick. She had to take sick leave and then leave her job. As she had studied recycling during her time at University, and her dissertation was on this topic, when she became unemployed she decided to start buying recyclable material from big industries which she then sold on to recycling companies and companies that recycle cardboard, PVC, paper, plastics, etc. Her current dream is to further grow her business and to build her mother a beautiful house. She also dreams of giving her daughter the opportunity to enjoy a successful future. Her medium-term goal is to buy machines so that she can process the material herself because her biggest challenge is the competition which creates a lot of pressure in the market in which she works. While she works towards achieving this goal, Silvana's accounts receivable turnover period is one day and her stock turnover period is three days. It is based on these financial indicators that she would like to grow her business. This is why she has applied for a Kiva loan (her first loan from Fundación Mario Santo Domingo). She will use it to buy raw materials such as cardboard, plastic and rope in larger quantities. Her investment will be successful because she is negotiating at a good price. This will make her business more profitable and make her more profits.
View original language description ↓
Silvana de 28 años de edad. de estado civil soltera y tiene una hija de 4 años de edad; En sui vida diaria genera ingresos a partir de su negocio de reciclaje, el cual inició desde el año 2011. Ella como ingeniera industrial trabajó en una empresa dedicada al reciclaje, pero se enfermó y tuvo que asumir una incapacidad y posteriormente su retiro laboral. Como en su época de educación universitaria estudió lo concerniente al reciclaje y su proyecto de grado versó en ese tema, cuando quedó desempleada recurrió nuevamente a su proyecto de comprar material reciclable a las grandes industrias, para posteriormente venderlo a empresas recicladoras y dedicadas a la transformación del cartón, PVC, pegadiza, pasta, plásticos etc. Hoy su sueño es hacer crecer cada vez más su negocio y construirle a su madre una hermosa casa, además de potenciarle un futuro exitoso a su hija. Su meta a mediano plazo es comprar maquinas para procesar ella misma el material, porque su mayor desafío es la competencia que crea una gran presión en el merado en el que se desenvuelve. Mientras esto ocurre su rotación de cuentas por cobrar es de 1 día, mientras sus inventarios rotan cada 3 y desde estos indicadores financieros desea hacer crecer su negocio. Esta es la razón por la cual acude a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará en mayor volumen, materias primas como cartón, plástico, cuerdas, su inversión sería exitosa porque está negociando bajo un precio de oportunidad, con ello obtendrá una mayor rentabilidad y una mayor ganancia.

Additional Information

About Fundación Mario Santo Domingo

Fundación Mario Santo Domingo (FMSD) is a non-profit organization in northern Colombia dedicated to developing programs for the country’s poorest communities. In addition to numerous social services, FMSD runs a microfinance program to strengthen micro-businesses in the areas where it works. The organization also offers several non-financial components as part of this program, including training to help entrepreneurs start their own businesses.

About Colombia

  • $11,100
    Average annual income
  • 509
    View loans »
    Colombia Loans Fundraising
  • $14,967,675
    Funds lent in using Kiva
  • 1,783.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Silvana to buy raw materials such as cardboard, plastic and rope in bulk.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 2, 2012
Listed
Feb 11, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 20, 2013